CINECAL
ActiveCINECAL has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7k and a net result of €-7k. Equity is shrinking by ~7% per year across the filed fiscal years. Its solvency ranks better than 31% of 1987 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-55
Solvency49▼-21
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24.1%
Return on assets
-23.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-7k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
72 d early
2023
37 d early
2022
21 d late
2021
9 d late
2020
4 d late
2019
63 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€7k▼ 49.1%
2024 · €13k
2018: €20k
2019: €13k
2020: €18k
2021: €25k
2022: €15k
2023: €16k
2024: €13k
2018 → 2025
Total assets
€28k▼ 4.1%
2024 · €30k
2018: €24k
2019: €26k
2020: €37k
2021: €46k
2022: €33k
2023: €27k
2024: €30k
2018 → 2025
Net result
€-7k▼ 128%
2024 · €-3k
2018: €5k
2019: €-6k
2020: €5k
2021: €7k
2022: €351
2023: €1k
2024: €-3k
2018 → 2025
Working capital
€3k▼ 74.2%
2024 · €12k
2018: €19k
2019: €13k
2020: €14k
2021: €19k
2022: €8k
2023: €13k
2024: €12k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€15k▼ 38.9%€16k▲ 7.4%€13k▼ 17.7%€7k▼ 49.1%
Operating result€11k-€3k▼ 72.2%€3k▲ 8.6%€-2k€-6k▼ 227%
Net result€7k-€351▼ 94.6%€1k▲ 222%€-3k€-7k▼ 128%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €2k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28k
Fixed assets
€4k▲ 107%
Current assets
€25k▼ 11.5%
Equity and liabilities €28k
Equity
€7k▼ 49.1%
Debt
€22k▲ 33.3%
The debt ratio rises from 54.7% to 75.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-5k▼
2024 · €1k
Cash flow
€-6k▼
2024 · €299
Solvency
24.1%▼
2024 · 45.3%
Current ratio
1.14▼
2024 · 1.71
Quick ratio
1.14▼
2024 · 1.71
Debt / equity
3.16▲
2024 · 1.21
ROE
-96.5%▼
2024 · -21.6%
ROA
-23.2%▼
2024 · -9.8%
Interest coverage
-10.35▼
2024 · 5.79
Debt
€22k▲
2024 · €16k
Debt ≤ 1 year
€22k▲
2024 · €16k
Income taxes
€141▼
2024 · €843
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€30k€28k▼
Fixed assets21/28€2k€4k▲
Tangible fixed assets22/27€2k€4k▲
Plant, machinery and equipment23€354€3k▲
Furniture and vehicles24€689€562▼
Other tangible fixed assets26€815€725▼
Current assets29/58€28k€25k▼
Amounts receivable within one year40/41€11k€11k▼
Trade receivables40€9k€9k▲
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€15k€12k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€30k€28k▼
Equity10/15€13k€7k▼
Contributions10/11€6k€6k=
Reserves13€10k€10k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€10k€10k=
Profit (loss) carried forward14€-3k€-9k▼
Amounts payable17/49€16k€22k▲
Amounts payable within one year42/48€16k€22k▲
Trade debts44€3k€6k▲
Suppliers440/4€3k€6k▲
Advances received on contracts in progress46€8k€0▼
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Other amounts payable47/48€1k€11k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€512▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€2k€-4k▼
Operating profit (loss)9901€-2k€-6k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€239€523▲
Recurring financial charges65€239€523▲
Profit (loss) for the period before taxes9903€-2k€-6k▼
Income taxes67/77€843€141▼
Profit (loss) for the period9904€-3k€-7k▼
Profit (loss) for the period to be appropriated9905€-3k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-9k▼
Profit (loss) brought forward from the previous period14P-€-3k
Transfer from equity791/2€351€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
31-12
Financial
Highest result since 2018net €7k ▲32.1%
Operating result €11k, net result €7k, both a record.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leopold I-straat 1231020 BrusselGround area
390 m²
Building footprint
336 m²
Volume, LiDAR
7,095 m³
Parcel 21816C0134/00H006, Brussels · tallest building 24.5 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
CINECAL
since 20032.126.610.875
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0134/00H006 | Brussels | 390 m² | 1 · 336 m² | 24.5 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
NUMERIS®ART
BE 0578.960.138
Elsene · Eq €7k
Cobra Commando
BE 0775.531.133
Berlare · Eq €7k
TK Media
BE 1003.757.879
Brecht · Eq €7k
BEYER PRODUCTIONS
BE 0464.910.805
Durbuy · Eq €7k
SPIEGEL
BE 0472.668.528
Antwerpen · Eq €7k
Of 3,398 companies in sector 90393 we hold annual accounts for 939. 407 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-03-2003
Fiscal year end31-12
Activities, NACEBEL
90393Specialised image, lighting and sound technical services
90029Arts creation and performing arts activities
90399Other support activities for arts and performing arts
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.